FINANCIAL AND OPERATING HIGHLIGHTS
2015-16 1 12-month period
2015-16 1 15-month period
CONSOLIDATED FINANCIAL INFORMATION
2016-17 1
2014
2013
2012
($ millions) Delivery
209 121
289 151
232
217
194
240 134
Transportation and storage Commodity margin Gas marketing margin Customer contributions
98
92 18 32 24 12
85
28 20 58 12
47 24 61 14
9
(2)
25 14 55 10
14 33 16
47 29 12
Other revenue Total revenue
478
448
586 115 152 110
402
395
365
Employee benefits
90
92
89 97 77 11 40
85 85 73 10 39
87
Operating and maintenance Depreciation and amortization
124
126
134
89 12 47
83 11 44
96 12 46 33
Saskatchewan taxes Net finance expense Other losses (gains)
15 56
0
3
(1)
2
–
Total expenses
408
362
451 135
355
316
292
Income before unrealized market value adjustments
70 76
86
47
79
73 34
Market value adjustments
(30)
(24) 111
(80) (33)
–
CONSOLIDATED NET INCOME (LOSS)
146
56 55
79 30
107
Dividends declared
65
17
27
29
Total assets
2,450
2,450
2,380
2,207
2,037
2,505
Cash provided by operating activities Cash used in investing activities
258
347
248
244
172
225
(210)
(241) (100)
(283)
(221)
(181)
(198)
Cash (used in) provided by financing activities
(47)
40
(25)
(10)
(37)
Capital expenditures
212
244
299
224
187
198
Total net debt
1,156 61/39
1,156 61/39
1,159 63/37
1,064 59/41
1,009 59/41
1,210 59/41 8.8%
Debt/Equity ratio
Rate of return on equity
11.6% 18.8% 6.5% 11.0% 11.0%
OPERATING STATISTICS Distribution volumes (petajoules) Residential/Farm
32 27
47 41
39 34
37 33
34 29 90
34 30
Commercial
Industrial
127 186
159 247
111 184
108 178
129 193
153
TOTAL
Transmission volumes (petajoules) Domestic
280
366
275
265
237
308
Export
24
28
7
3
4
18
304
394
282
268
241
TOTAL
326
Number of customers Distribution
386,886 386,886 380,768 373,436 365,749
390,886
123 3
153
153
148
Transmission
123 3
117
1 On November 30, 2015, the Government of Saskatchewan announced a change in the year end for CIC and its subsidiaries from December 31 to March 31, commencing with the 2015-16 fiscal year. Accordingly, for the 2015-16 fiscal year the Corporation reported a 15-month fiscal period ending March 31, 2016. For comparative purposes, the unaudited 12-month period ending March 31, 2016 is shown. 2 Certain comparative amounts have been reclassified to conform with the current fiscal year’s presentation. 3 Corrected from the customer figure of 133 included in the 2015-16 Annual Report.
10
Financial and Operating Highlights
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